TAG: Transport
With GDP growth coming in at 5.8% for 2015, after averaging 6.2% from 2010-14, the Philippine economy is establishing a record of stable high growth rates, and the long-term growth outlook has improved. The BPO sector appears set to continue snowballing and increasingly leading growth across the economy, and the drop in oil prices is an important positive change, the effects of which are likely to continue to play out for years.
The Thai government and private sector are working in tandem to boost consumer spending, push through large-scale infrastructure projects and promote clusters of high value-added industries.
Djibouti is focusing on infrastructure improvements and a gradual diversification of its economy, both of which will require considerable foreign investment over the coming years, as well as a careful balancing of the state budget.